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20130318
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.d.p. which is what they're now perhaps going to get. by taxing depositors, they actually have the ability to also tax nonresidents, as we saw in your clip just now. there's a lot of british there but there are even more russian depositors so in that sense you actually end up having the ability to bring in tax revenue from non-cyprusians. that's a big advantage for the government of cyprus because this is money that otherwise they would have had to raise by cutting pensions or other types of austerity measures. >> woodruff: the russians and others stand to be hurt pretty badly by this. >> basically that's part of the strategy or the intent of both the euro area, the i.m.f. and the cyprusian government. >> woodruff: but the signal that sends, i mean, what's the message it sends to the rest of europe? i mean, how worried should they be that what's going on in cyprus and we don't know how this is going to play out because the banks are closed for the next few days. how worried should the rest of the banks in europe be? >> i don't think there's an immediate risk of sort of contagious bank run
union leaders called for a tax on savings accounts, prompting a drop in global stocks. >. it's outright theft. >> woodruff: jeffrey brown kicks off a week of stories about the middle east, starting with israel's new governing coalition sworn into office today. >> ifill: paul solman reports on older workers in academic institutions, professors in the classroom long past age 65. >> am i keeping track of jobs? yes. that's okay. as long as i'm a good teacher, that's what's important. >> woodruff: and we examine the republican national committee's call for a new direction for the g.o.p., a road map hoping for a rebound in 2016 and beyond. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation
-year spending plan written by democrats. they call for higher taxes to fund government programs. house speaker john boehner remained skeptical. >> the budget that senate democrats are considering never balances, ever. that means more debt, fewer jobs and, frankly, much higher taxes from the american people. >> sreenivasan: the negotiations over these competing party visions for governing will begin in earnest when president obama submits his spending blueprint on april 8. with their work done, house members leave town today for a two week recess. while senators will remain in a marathon session until a vote on their own plan to fund the government. judy woodruff takes it from there. >> woodruff: for what's happening behind-the-scenes, we turn to todd zwillich, washington correspondent for "the takeaway" on public radio international. welcome back to the newshour. >> good to be with you, judy. >> woodruff: first this vote to keep the government funded by the end of the fiscal year, both the house and senate passed this. does this mean democrats and republicans finally see eye to eye on somethin
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
will be shut down. the parliament rejected an earlier plan to tax all bank deposits large and small. but this new agreement sparked little optimism in nicosia, the capital. >> the decisions that were taken were harsh. it is a catastrophe. it will be a long time before things are right again. >> it's a big shame what has happened with the way things were going, what else could they do? there was no other solution. god help us all. >> warner: the bailout does prevent cyprus from falling out of the euro currency system. a prospect that alarmed financial markets last week. still, the cyprusite foreign minister don't sound relieved. >> we feel rather bitter. we feel rather that we have not been treated the same way as other partners. probably being the smallest, i don't know. but we are a resilient people. we are going to fight. >> warner: the nuzzles got a chilly reception in russia where depositors hold an estimated $26 billion in cyprus banks but in germany chancellor angela merkel praised the deal. >> i am very pleased that a solution was found last night. i believe that a fair burde
bailout. yesterday, the cypriot parliament rejected a bill to tax bank deposits. today, lawmakers crafted a plan "b." we have a report from jonathan rugman of "independent television news." >> reporter: why would the finance minister of a sun-kissedile be braving moscow's weather? because he's desperate for money. he came begging for around $5 billion euros and doesn't intend to leave without it. >> there were no offers, nothing concrete. we are continuing discussion. we are happy with a good beginning and looking forward to continuing this discussion over the next few hours. >> and while the cypriots have flown to russia, the russians have flown to cyprus. in a country where cash points still work, even if the banks behind them don't. these banks are not set to reopen until next tuesday. any dash for cash, and they could collapse. >> cyprus is facing on the economic side a question of survival. >> reporter: even the orthodox church has joined the scramble for a solution. the island's archbishop today told the president he would put the church's vast property portfolio up as collateral. y
budget bill would impose almost $1 trillion of tax increases couplihu)ud $875 billion in spending cuts. democrat chris coons of delaware said crafting a budget should be about more than the bottom line. >> we need to do it in a way that both stabilizes our deficit and debt, makes critical investments in growing our economy and preserves the core of the programs on which americans rely. this is not just about numbers. it is also about values. it is also about priorities. >> sreenivasan: republican jeff sessions of alabamaçó called democrats out for how they were using the word balance during the debate. >> they're also using the word balance. they hope people will hear it and think that this means they have a balanced budget. they know they don't have a balanced budget. they won't tell the american people they don't have one. they just use the word. but it's not in their document. >> sreenivasan: sessions forced a vote on an amendment to put democrats on record in opposition to balancing the budget by the end of the decade. it failed on a near-party line vote. lawmakers in north dakot
Search Results 0 to 19 of about 20 (some duplicates have been removed)